Global oil drilling rebounds as rig count rises to 1,950 Global oil and gas drilling activity rebounded in July 2026, with the number of active rigs worldwide rising to 1,950, up 57 rigs from 1,893 in June, according to the latest global rig count data. The increase, equivalent to about 3.0 per cent month-on-month, […]
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LNG supply surge to reshape global gas trade, intensify competition among exporters By Eyo Nsima A major wave of new liquefied natural gas, LNG, production capacity expected between 2025 and 2030 could fundamentally reshape global gas trade, intensify competition among exporters and give importing countries greater leverage in securing supplies. The expansion is being
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US, Qatar lead global LNG capacity expansion, Nigeria ranks 7th The United States and Qatar are set to dominate the next wave of global liquefied natural gas, LNG, capacity expansion, with the two countries accounting for the bulk of new liquefaction capacity scheduled to come on stream between 2025 and 2030. Based on the
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Editorial: Nigeria’s energy gains must translate into security, affordability The latest June 2026 data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, presents a petroleum sector that is making progress in some areas but remains vulnerable in others. The figures should therefore prompt more than celebration of rising refinery utilisation and gas
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Oando Revenue Hits ₦2.1trn as Oil, Gas Output Rises 16% in H1 Oando Plc recorded a 20 per cent increase in revenue to ₦2.1 trillion in the first half of 2026, driven by higher oil and gas production, improved operational efficiency and lower operating costs, as the indigenous energy company continues to unlock value
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Editorial: Rising oil prices expose Africa’s unfinished refining agenda The latest surge in global crude oil prices should serve as another wake-up call for African governments. With Brent crude climbing to nearly $96 per barrel, West Texas Intermediate (WTI) reaching $88.05 per barrel, and gasoline futures also moving higher, the continent is once again
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Rising fuel prices in Nigeria signal fresh energy cost pressures across Africa By Eyo Nsima The latest increase in petroleum depot prices in Nigeria, Africa’s largest oil producer and biggest fuel market, is expected to reverberate across the continent, with analysts warning that higher crude oil prices and rising refining costs could trigger fresh increases
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Nigeria’s 97.6bn scf gas flaring highlights Africa’s energy paradox By Eyo Nsima Nigeria flared 97.63 billion standard cubic feet (bscf) of natural gas in the first six months of 2026 despite utilising more than 92 per cent of its gas production, highlighting Africa’s enduring challenge of wasting valuable energy resources while millions of people across
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Global Floating LNG boom brightens prospects for Nigeria’s multi-billion-dollar UTM Offshore project Nigeria’s planned multibillion dollar UTM Floating Liquefied Natural Gas (FLNG) project is poised to benefit from the rapid expansion of global floating LNG infrastructure as countries increasingly adopt offshore solutions to accelerate gas development and strengthen energy security. The 2026 World LNG Report,
Nigeria, Mozambique, Senegal Drive Africa’s LNG Growth in Historic Global Supply Wave Africa is set to strengthen its position in the global liquefied natural gas (LNG) market over the next five years, with Nigeria, Mozambique, Senegal, the Republic of the Congo and Gabon among countries expected to drive the largest wave of LNG export
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